mobile payment

We've lost count of how many mobile payment methods and systems are already out there in the market but looks like there will be more entering the game. While we're waiting for new ones to come out, there are tried and tested systems that you should try. Aside from PayPal, Google Wallet, Samsung Pay, Apple Pay, and the upcoming Android Pay, there's Square Cash launched two years ago.

Google announcements at major tech events are always worth noting, and at this year's Mobile World Congress in Barcelona, they made some major announcements that may not have been the "sexiest" but will definitely have a major impact on not just users but OEMs and their future partners as well. Google's Sundar Pichai confirmed several things, including the setting up of an Android Pay framework as well as the possibility of their own MVNO network.

With so many websites that require registrations and logging in, you are bound to have numerous usernames and passwords. That's okay because because people are assured of secure transactions most of the time but remembering all those online passwords can be quite a challenge. Honestly, I don't write down my passwords. I just try to store them in my memory. If I have no choice and am given a difficult to remember code, I write it on Notepad. Not a good idea I know but it's the most convenient way for me.

Ever since the tap and pay feature for Google Wallet was introduced almost four years ago, mobile payments and e-commerce have improved immensely. With the Google Wallet app on Android device, anyone can make e-payments by simply tapping the phone as long as NFC payment is allowed. Samsung may be ready to take on Google Wallet by acquiring LoopPay but the Mountain View company continues to also improve its system by partnering with the biggest innovators in the mobile industry.

September last year, Samsung was reportedly looking at a payment process through smartwatches. Nothing has materialized yet but the closest the South Korean giant introduced was the PayPal fingerprint secured payments coming to the Galaxy S5. Looks like Samsung is finally stepping up, hoping to rival Apple Pay and Google Wallet, with the announcement that it has acquired LoopPay. We heard of this rumor a few weeks ago and as it turns out, the story is true and LoopPay is joining Samsung's mobile branch.

Mobile payments are becoming the future of transactions and a few companies have tried to jump in to the competition. Amazon released its Wallet beta app 6 months back, but has now thrown in the towel. Amazon announced today that it’s no longer continuing with the Wallet beta app. Don’t try to visit the site as all the links are no longer in existence.

Over the weekend, Verifone introduced a new operating system and device that retailers could use for mobile payment. It's an independent mobile point of sale (mPOS) payment terminal that receives mobile payment whether from a smartphone or a tablet. Officially called as PAYware Mobile e355, this newest Verifone mPOS terminal eliminates the need to frequent upgrading of both the mPOS terminal and the OS. This one comes with a special OS that can be tweaked, which means any merchant can customize and update the system as needed. No need to change the hardware at all since all it needs are some updates on the operating system.

Families who are planning to go to Walt Disney World Resort in Orlando this Christmas break will now have another option to pay for their tickets and souvenir items as they announced that Google Wallet will finally be accepted as a mode of payment starting December 24. This will also pave the way for the system to be applied to other Disney properties, but at a later date.

The relatively warm acceptance of Apple Pay – Apple’s wireless payment system that allows owners of the latest iPhone models to wave their smartphone instead of swiping your card to pay – has probably forced Samsung to look for a competing system using its own line of smartphones. The South Korean gadget giant is reportedly in talks with US payments startup LoopPay to make this happen.